Why unregulated cryptocurrencies could trigger another financial crisis
Jan 11, 2018 15:35 pm UTC| Insights & Views Digital Currency
The price of bitcoin hit $17,000 late last year and although the cryptocurrency has plunged since then there are signs that an absence of regulation can hurt investors and trigger the next financial crisis. Despite...
South Korean Justice Ministry prepares bill to ban cryptocurrency trading
Jan 11, 2018 10:18 am UTC| Digital Currency
The South Korean government is planning to ban cryptocurrency trading in the country and is drafting a bill on these lines, Reuters reported. While recent reports suggested that the government was planning to ban...
FxWirePro: ETH/USD trades lower, break below 10-DMA to see further downside
Jan 11, 2018 09:08 am UTC| Digital Currency
ETH/USD is trading lower on Thursday and hovering around 5-DMA at 1193 levels at the time of writing (Kraken). Ichimoku analysis (Daily chart): Tenkan-Sen: 1108.83 Kijun-Sen: 939.33 On the upside, resistance is...
FxWirePro: BTC/USD breaches trend line support at 13391, bias lower, stay short
Jan 11, 2018 07:07 am UTC| Digital Currency
BTC/USD broke below trend line resistance on Thursday and has dropped to 12800 levels so far in the day. It is currently trading at 13305 levels at the time of writing (Bitstamp). Ichimoku analysis of daily...
Japan-based Fisco to launch cryptocurrency fund
Jan 11, 2018 06:26 am UTC| Digital Currency
Fisco, a Japan-based financial information provider, has announced its plans to launch a cryptocurrency fund. Nikkei Asian Review reported that the fund will invest over 300 million yen in cryptocurrencies such as...
Venezuelan Parliament declares Petro cryptocurrency as illegal
Jan 11, 2018 02:55 am UTC| Digital Currency
Venezuelan President Nicolas Maduros recent efforts to launch oil-backed Petro cryptocurrency has received a major setback as the countrys parliament has declared the cryptocurrency as illegal. Bitcoin.com reported that...
Kodak announces blockchain and cryptocurrency initiative, stock surges 150 pct
Jan 10, 2018 10:31 am UTC| Digital Currency
Photo giant Kodak has announced its partnership with WENN Digital to launch a blockchain-powered image rights management platform and a cryptocurrency. Kodak on Tuesday announced KODAKOne platform and KODAKCoin...
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